FBO COMPANY: what changed
FBO COMPANY
Largest movements
- Receivables within one year +€20,489
up €20,489 (+85.4%), from €23,997 to €44,486
- Tangible fixed assets +€9,511
up €9,511 (+90.4%), from €10,523 to €20,034
- Cash +€5,217
up €5,217 (+65.0%), from €8,030 to €13,247
mainly Trade debts (+€25,566) and Depreciation (+€7,489)
- Deferred charges and accrued income +€1,526
new in 2025: €1,526
- Trade debts +€25,566
up €25,566 (+355%), from €7,206 to €32,772
- Other debts +€4,524
up €4,524 (+28.3%), from €15,980 to €20,504
- Tax, wage and social debts +€4,450
up €4,450 (+89.6%), from €4,964 to €9,414
- Profit (loss) carried forward +€2,204
up €2,204 (+15.3%), from €14,400 to €16,604
- Gross operating margin -€6,942
down €6,942 (-36.5%), from €19,015 to €12,073
- Depreciation +€6,640
up €6,640 (+782%), from €849 to €7,489
- Taxes -€2,367
down €2,367 (-64.9%), from €3,645 to €1,278
- Other operating charges +€937
up €937 (+812%), from €115 to €1,052
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,550 | €79,293 | +€36,743 | +86.4% |
| Fixed assets | 21/28 | €10,523 | €20,034 | +€9,511 | +90.4% |
| Tangible fixed assets | 22/27 | €10,523 | €20,034 | +€9,511 | +90.4% |
| Furniture and vehicles | 24 | €10,523 | €20,034 | +€9,511 | +90.4% |
| Current assets | 29/58 | €32,027 | €59,259 | +€27,232 | +85.0% |
| Amounts receivable within one year | 40/41 | €23,997 | €44,486 | +€20,489 | +85.4% |
| Trade receivables | 40 | €23,997 | €44,486 | +€20,489 | +85.4% |
| Cash at bank and in hand | 54/58 | €8,030 | €13,247 | +€5,217 | +65.0% |
| Deferred charges and accrued income | 490/1 | - | €1,526 | +€1,526 | |
| Total equity and liabilities | 10/49 | €42,550 | €79,293 | +€36,743 | +86.4% |
| Equity | 10/15 | €14,400 | €16,604 | +€2,204 | +15.3% |
| Profit (loss) carried forward | 14 | €14,400 | €16,604 | +€2,204 | +15.3% |
| Amounts payable | 17/49 | €28,150 | €62,690 | +€34,540 | +123% |
| Amounts payable within one year | 42/48 | €28,150 | €62,690 | +€34,540 | +123% |
| Trade debts | 44 | €7,206 | €32,772 | +€25,566 | +355% |
| Suppliers | 440/4 | €7,206 | €32,772 | +€25,566 | +355% |
| Taxes, remuneration and social security | 45 | €4,964 | €9,414 | +€4,450 | +89.6% |
| Taxes | 450/3 | €4,964 | €9,414 | +€4,450 | +89.6% |
| Other amounts payable | 47/48 | €15,980 | €20,504 | +€4,524 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €7,489 | +€6,640 | +782% |
| Other operating charges | 640/8 | €115 | €1,052 | +€937 | +812% |
| Gross operating margin | 9900 | €19,015 | €12,073 | -€6,942 | -36.5% |
| Operating profit (loss) | 9901 | €18,051 | €3,532 | -€14,519 | -80.4% |
| Financial charges | 65/66B | €6 | €51 | +€45 | +740% |
| Recurring financial charges | 65 | €6 | €51 | +€45 | +740% |
| Profit (loss) for the period before taxes | 9903 | €18,045 | €3,482 | -€14,564 | -80.7% |
| Income taxes | 67/77 | €3,645 | €1,278 | -€2,367 | -64.9% |
| Profit (loss) for the period | 9904 | €14,400 | €2,204 | -€12,197 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,400 | €2,204 | -€12,197 | -84.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.